Browsing Faculty of Management Sciences by Subject "Accountants"
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- ItemOpen AccessComputer-Based Accounting Systems in Small and Medium Enterprises: Empirical Evidence from a Randomized Trial in Nigeria(Horizon Research Publishing, 2013) Oladipupo, M.T; Ajape, K.MThe advent of IT has offered significant improvement to the way financial transactions in business are processed by professional accountants. Hence, in most parts of developed countries, it is almost impossible to function as an accountant without requisite IT skills. However, the pattern seem not attain similar forte in SMEs especially in developing economies. Consequently, this study would provide answer to the degree of computer-based accounting systems adoption by SMEs in Nigeria. We have conducted an empirical investigation through a structured survey focused on finance and accounts executives of the enterprises that holds primarily responsibility for business transactions processing. This information was sought in order to expound on the extent of CBAS adoption by Nigerian SMEs. Respondents were obtained from manufacturing, agriculture, construction and mining, hotel and hospitality, IT services, medical services, wholesale and retail trade, and general services industries. Through a combination of cross tabulation and logistics regression analysis, our findings showed that the use of CBAS by Nigerian SMEs is highly significant as all companies operating in all industries surveyed uses one type of accounting software or another. This outcome suggests that professional accountants must endeavour to continually horn their skills for continued relevance in the profession.
- ItemOpen AccessIssues and challenges in the adoption of International Financial Reporting Standards in Nigeria(The Journal of Research in National Development, Federal University of Technology, Owerri,, 2015) Shiyanbola, A.; Adeyemi, S. B; Adelakun, O. J.The mandatory adoption of International Financial Reporting Standard (IFRS) has come with a number of challenges that need to be studied so that solutions from other countries will not be imported into our country. The decision to adopt IFRS is observed to have some weaknesses, as such, implementation of policy results in a lot of challenges. The study explores the challenges on the mandatory adoption of IFRS in Nigeria. The study adopts the questionnaire survey method to seek responses from five hundred and fifty-four respondents on their perception on the subject matter. Structured questionnaire was administered to capture the main questionnaire items. Pearson product moment correlation was employed to test the hypotheses. In testing the hypotheses, the overall result shows the significant relationship on technical related issues and logistic related issues experienced by stakeholders on adoption of IFRS, there is significant relationship between complexity and compliance with IFRS and NG-GAAP but compliance so as to increase or have access to foreign capital and complexities was not found significant. We recommend the need for training and retraining of staff to ease the challenges and in turn reduce cost of IFRS adoption. Accounting infrastructure should be strengthened.
- ItemOpen AccessThe Role of Professionals in Anti-Social Financial Practices:(2011) Otusanya, O. J.The bourgeoning literature on the commercialisation of the professions has paid little attention to the predatory practices of professionals even though such practices affect a wide variety of arenas and stakeholders. This paper shows that professionals (such as bankers, and financial intermediaries) are increasingly willing to increase their profits and capital accumulation by perpetrating and facilitating anti-social financial practices, such as tax evasion, tax avoidance and corruption, and which that shows scant regard for social norms and legal regulation. The paper shows that some professionals do so despite having ethical codes of practice and despite claiming to be acting in the public interest. Thus, it draws attention to the gap between the claims of professionalism and what can happen in practice. The paper provides evidence of various cases to show how some professionals are engaged in anti-social financial practices. Using the results from interviews with key stakeholders, the paper argues that professional accountants and financial intermediaries are the facilitators of antisocial practices in Nigeria. The paper aims to encourage reflection on professional practices and offer some suggestions for reform.